MINNEAPOLIS, July 15, 2013 /PRNewswire/ -- ING U.S. today announced the launch of a new hospital indemnity insurance coverage that can help employees and their families reduce the financial burden of costly hospital stays. The Compass Hospital Confinement Indemnity Insurance offering, available through an employer's workplace benefits program, is a limited benefit policy that provides fixed payments when an individual is admitted to a hospital. "With the addition of hospital indemnity coverage, we've expanded our Compass product suite to help employers offer affordable and flexible insurance benefits to employees with minimal administrative hassle while providing a well-rounded and affordable benefits package to their employees," said Heather Lavallee, president of ING U.S. employee benefits distribution. "This development underscores the commitment ING U.S. has to growing its voluntary insurance business, and for delivering innovative, flexible options we know our distribution partners and clients need." The Compass voluntary product suite launched in 2012 with accident and critical illness offerings. Designed like group benefit options rather than traditional voluntary products, the Compass suite offers easier administration for employers with a targeted solution for employees. In addition, employers can mix and match different plan options to meet the needs of their particular workforce. With the convergence of health care reform, rising medical costs and a shift to high deductible health plans, voluntary benefits are evolving to meet the market need and can provide fixed insurance benefits upon the occurrence of an event such as a hospital confinement. The approach of the ING U.S. Compass suite focuses on making it easier and more flexible for employers and employees to understand and manage their voluntary benefits. Program HighlightsCompass Hospital Confinement Indemnity Insurance is designed to provide a fixed dollar benefit that can be used to help pay for costs associated with a hospital stay, including co-pays, coinsurance and deductibles, meals, parking for visiting family members, lost time from work, mortgage and utility payments, or anything else the employee chooses. In addition, the coverage is portable in most states, like traditional voluntary benefits products, so an employee, spouse and children can continue coverage even if there is a job change, divorce or employee death. There are three core elements to the program's basic coverage – hospital, critical care unit and rehabilitation facility stays. Employers have the flexibility to select a plan design that meets their needs along with different options for the daily benefit amounts and how the coverage is paid - by the employer, employee or some combination.